हिंदी

Define or explain the following concept: Average Revenue - Economics

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प्रश्न

Define or explain the following concept:

Average Revenue

Define Average Revenue.

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उत्तर

Average revenue is the revenue earned per unit of output sold. It is equal to the total revenue divided by the total number of units sold. Algebraically:

AR = `"Total Revenue"/"Total Quantity of output Sold"`

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अध्याय 5: Producer's Behaviour - Exercise 2 [पृष्ठ ४५]

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मायकल वाझ Economics [English] 12 Standard HSC
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